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March 3- Citigroup Inc said it has agreed to sell its consumer finance unit OneMain Financial Holdings Inc to subprime lender Springleaf Holdings Inc for $4.25 billion in cash. The consumer finance company is part of Citi Holdings, which Citigroup created during the financial crisis to park assets that it wanted to eventually divest or wind down.

March 3- Citigroup Inc said it has agreed to sell its consumer finance unit OneMain Financial Holdings Inc to subprime lender Springleaf Holdings Inc for $4.25 billion in cash. The sale of OneMain is a major step in the No. 3 U.S. bank's plan to sell unwanted assets and focus on wealthier clients. OneMain is part of Citi Holdings, which Citigroup created during the...

March 2- Warehouse club retailer Costco Wholesale Corp said on Monday it had tied up with Citigroup Inc and Visa Inc to issue co-branded credit cards in the United States and Puerto Rico. Citigroup will exclusively issue the co-brand cards and Visa would provide the payment network, replacing American Express Co, from April 1, 2016, Costco said.

March 2- Warehouse club retailer Costco Wholesale Corp said on Monday it had entered into agreements with Citigroup Inc and Visa Inc for co-branded credit cards. Citigroup will become the exclusive issuer of Costco's co-brand credit cards and Visa will replace American Express Co as the credit card network for Costco in the United States and Puerto Rico from...

MUMBAI/ NEW DELHI, March 2- India has formally adopted inflation targeting, a historic monetary policy overhaul that marks a victory for Reserve Bank of India Governor Raguram Rajan, as the government makes subduing chronically volatile prices a priority. Monday's document showed the move- the most significant change in monetary policy since India opened its...

*No March bookings of Iran oil shipments by India so far- trade. *MRPL buys from Kuwait, Saudi Arabia to replace Iran oil- source. India, Iran's top client after China, shipped in about 102,200 barrels per day of crude and condensate from Tehran in February, the lowest since July 2013, and down 63 percent from January and 62 percent from a year ago, according to tanker...

NEW DELHI/ MUMBAI, March 1- India's reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernising India's ageing roads and railways while keeping borrowing in check. "Despite the higher fiscal deficit; the market borrowing number is below market...

NEW DELHI, Feb 28- India said it plans tougher punishments including jail terms of up to 10 years for those who hide undeclared cash outside the country and for the banks and advisers who help them, as it tries to bring back illicit billions stashed abroad. Illegal deposits abroad cost India billions of dollars in lost revenue and Prime Minister Narendra Modi's...

MUMBAI/ NEW DELHI, Feb 28- India will introduce gold deposit accounts to utilise the 20,000 tonnes available within the country and launch a sovereign gold bond, the finance minister said on Saturday, but kept the import duty at the record 10 percent in a setback for jewellers. "Though stocks of gold in India are estimated to be over 20,000 tonnes, mostly this gold is...

*Hikes road and rail investment by $11 bln. NEW DELHI, Feb 28- Indian Finance Minister Arun Jaitley on Saturday unveiled a budget that aims to ramp up growth, aided by a slowed pace of fiscal deficit cuts and a raft of tax measures to put private domestic and foreign capital to work. In his first full-year budget since Prime Minister Narendra Modi's landslide...

NEW DELHI, Feb 28- India announced on Saturday a modest 7.9 percent increase in defence spending for the fiscal year starting April 1, suggesting that it will move only gradually with the military's long wish list for fighter jets, ships and artillery. After years of neglect, India is trying to narrow the military gap with China, which has been building up its fleet...

NEW DELHI— India's finance minister announced the government's new budget on Saturday, promising a slew of measures that attempt to balance welfare spending with high economic growth and infrastructure development, while vowing to keep a tight control on the fiscal deficit. "The credibility of India's economy has been re-established," Jaitley told...

NEW DELHI, Feb 28- India's Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. "India is about to take off," Jaitley, 62, said early in his speech to lawmakers. "The world is predicting that this is India's...

NEW DELHI, Feb 28- India's Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. "The world is predicting that this is India's chance to fly." Reaping the benefits of low global prices for oil, India's main...

NEW DELHI, Feb 28- India's Finance Minister Arun Jaitley announced a budget for growth on Saturday, saying the economy was ready to "fly", that the government would boost investment and ordinary people should benefit. "India is about to take off," Jaitley, 62, told lawmakers after rising to deliver his first full-year budget since Prime Minister Narendra Modi's...